Koninklijke Ahold (ADRNY) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Koninklijke Ahold (OTCMKTS:ADRNY) from a hold rating to a buy rating in a research note published on Monday morning. They currently have $29.00 price objective on the stock.

According to Zacks, “Koninklijke Ahold Delhaize N.V. provides retail stores which offer food and non-food products primarily in the United States and Europe. The Company operates supermarkets, convenience stores, compact hypers, pick-up points and gasoline stations as well as specialty stores. Koninklijke Ahold Delhaize N.V., formerly known as Ahold N.V., is based in Zaandam, Netherlands. “

Other equities research analysts have also recently issued reports about the stock. Bank of America cut shares of Koninklijke Ahold from a buy rating to a neutral rating in a research report on Wednesday, November 14th. UBS Group lowered shares of Koninklijke Ahold from a neutral rating to a sell rating in a research note on Friday, September 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Koninklijke Ahold presently has a consensus rating of Hold and an average price target of $29.00.

Koninklijke Ahold stock opened at $25.59 on Monday. The firm has a market cap of $31.41 billion, a PE ratio of 18.54, a PEG ratio of 1.54 and a beta of 0.37. Koninklijke Ahold has a 12-month low of $20.03 and a 12-month high of $26.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.97 and a quick ratio of 0.66.

Koninklijke Ahold Company Profile

Koninklijke Ahold Delhaize N.V. operates retail food stores primarily in the United States and Europe. The company's store formats include supermarkets, superstores, online grocery shopping, convenience stores, drugstores, wine and liquor stores, online shopping for general merchandise, and compact hyper and supermarkets.

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